Goldman Sachs chief executive David Solomon has reaffirmed plans to expand in asset and wealth management and pledged to stop losses at its consumer lending and financial technology business by 2025.
In presentations for an investor day, Goldman reiterated old targets, urged shareholders to look at results over a three-year period rather than disappointing financial numbers in 2022 and laid out a timeline to sell the bank’s volatile investments made with its own capital.
Solomon will address shareholders on Tuesday morning in New York amid internal dissent around job cuts and an unsuccessful foray into consumer banking.
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